Tuesday, August 01, 2017

5 Things You Need to Know About Reaching Millennial Clients

By Jackie Sofia

Comparing Social Media Use between US Adults overall, and Millennials specifically

Source: http://www.pewinternet.org/2016/11/11/social-media-update-2016/
  1. Social Media is essential. The fact remains that millennials are using social media more than any other age group in the U.S. Data released by the Pew Research Center indicates more specifically that Facebook is the choice platform of millennials (88 percent), with Instagram creeping up to second place (60% percent). 
  2. Keep a blog, and keep it updated. 33 percent of millennials review blogs before they make any type of financial transaction, compared to fewer than 3 percent who use TV news, magazines or books. Millennials are also incredibly self-reliant. Having always had the internet at their disposal, millennials are used to finding the information they need themselves. You can feed into this self-reliance on your blogs by providing well-written answers to common legal dilemmas that are hyperlinked to your legal experts within the firm. This will also direct your target audience to your firm for further legal services and advice. 
  3. Know your limits. The American Bar Association requires lawyers to stay abreast of the benefits and risks associated with technology in relation to the practice of law. While social media can be a great opportunity to stay engaged with millennials, it's a constantly changing environment where many of the old school regulations are being adapted or applied directly towards technological advancements that are deemed within their purview. The good news is that there are resources out there that can help you stay on top of these changes. Regardless of whether your firm even has a social media account, it's important to regularly participate in continuing study and education and comply with legal education requirements. 
  4. You have to be one, to know one. Hiring millennials to join your team is one of the more critical investments you can make for the future of the firm and its growing target audience of fellow millennials. According to Nika Kabiri, Director of Strategic Insights at Avvo, one in four Americans are dealing with legal issues, and half of those Americans are millennials. Not only can millennials identify more closely with the younger target audience, but they tend to also be ambitious as well as fluent in social media and digital technology. 
  5. Be proud of your pro bono work. Social media isn't the only thing that attracts millennials. They are also interested in what companies do in their community. Millennials may be apt to choose your services over others if you have a pro-bono roster that exhibits a more empathetic and charitable firm. A 2015 Elite Daily Millennial Consumer Study revealed that 75 percent of those surveyed thought it was important for a company to give back to society.

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